GFM Network News



Ukraine 2020 sunflower harvest near end, seen falling

Ukraine’s 2020 sunflower seed harvest is seen falling sharply as farmers threshing 12.9 million tonnes of the commodity from 99 per cent area compared with 15.3 million tonnes harvested in 2019, the Economy Ministry’s data showed on Nov. 17. Ukraine is the world’s largest sunflower oil exporter. Analysts APK-Inform earlier on Tuesday said the 2020-21


CNH to work with Microsoft, Accenture on ‘smart’ vehicles

Milan | Reuters — CNH Industrial has set up a five-year collaboration with Microsoft and Accenture to help it to develop “smart” and connected industrial vehicles, the Italian-American vehicle and equipment maker said on Monday. The programme, part of CNH Industrial’s digital transformation plans, is expected to help the group “achieve significant revenue growth,” the


U.S. puts duties on phosphate from Morocco, Russia

Reuters — The U.S. Department of Commerce said Tuesday it would set preliminary duties on phosphate fertilizer imports from Russia and Morocco, after launching an investigation to determine if producers in these countries were receiving unfair subsidies. The department set preliminary duties of 23.46 per cent on imports from Morocco’s OCP Group and other producers


ADM, InnovaFeed to build world’s biggest insect protein plant in Illinois

Chicago | Reuters — U.S. grain trader and processor Archer Daniels Midland and French biotech company InnovaFeed announced plans on Thursday to build the world’s largest insect protein plant at Decatur, Illinois. The announcement comes amid rising global feed grain prices and tightening supplies, and as more companies work toward reducing the carbon footprint of

U.N. draws on emergency fund in bid to avert famines

United Nations | Reuters — United Nations aid chief Mark Lowcock said on Tuesday he would use US$100 million from the world body’s emergency fund to help seven countries try to avert famine fueled by conflict, spiraling economies, climate change and the COVID-19 pandemic. Some $30 million will be spent in Yemen, $15 million each

McDonald’s to make its own ‘McPlant’ items

Beyond Meat says co-created patty

Reuters — Burger chain McDonald’s on Monday decided to debut its own plant-based meat alternatives line called “McPlant” in 2021, including a patty that Beyond Meat subsequently said it helped co-create. “Beyond Meat and McDonald’s co-created the plant-based patty which will be available as part of their McPlant platform,” a Beyond Meat spokesperson said in


USDA sees more soy and wheat plantings, less corn for 2021-22

Chicago | Reuters — U.S. farmers are likely to expand plantings of soybeans and wheat while slightly reducing plantings of corn for the upcoming marketing year, the U.S. Agriculture Department said on Friday. USDA forecast that farmers will seed 90 million acres of corn in the 2021-22 crop year, down from 91.0 million for 2020-21.

Canadian pot producer Aphria to buy U.S. craft brewer

SweetWater's '420' beer would come to Canada

Reuters — Canadian cannabis company Aphria Inc. said on Wednesday it plans to buy craft brewer SweetWater Brewing for US$300 million as it looks to expand into the U.S. while becoming the first major pot producer to enter the alcoholic beverages market. The deal gives Leamington, Ont.-based Aphria a U.S. distribution point at a time